EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,010,000 shares, a decline of 9.0% from the January 15th total of 2,210,000 shares. Based on an average daily trading volume, of 464,900 shares, the short-interest ratio is presently 4.3 days.

EverQuote Stock Performance

EverQuote stock traded down $0.89 during trading on Friday, reaching $20.78. The company had a trading volume of 467,863 shares, compared to its average volume of 416,052. The firm's 50-day simple moving average is $19.69 and its 200 day simple moving average is $20.16. EverQuote has a 1-year low of $14.28 and a 1-year high of $28.09. The firm has a market capitalization of $734.42 million, a PE ratio of 61.10 and a beta of 0.96.

Insider Transactions at EverQuote

In related news, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now owns 28,515 shares of the company's stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 29,248 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the transaction, the chief technology officer now owns 116,212 shares in the company, valued at approximately $2,316,105.16. This trade represents a 20.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,412 shares of company stock worth $1,178,790. Company insiders own 29.79% of the company's stock.

Institutional Trading of EverQuote

Institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new position in shares of EverQuote during the 3rd quarter worth about $26,000. R Squared Ltd acquired a new position in shares of EverQuote during the fourth quarter valued at approximately $34,000. nVerses Capital LLC raised its holdings in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $51,000 after acquiring an additional 700 shares during the last quarter. Quarry LP boosted its stake in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company's stock worth $61,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock worth $74,000 after acquiring an additional 1,874 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EVER. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on EverQuote from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EverQuote presently has an average rating of "Buy" and a consensus target price of $31.67.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.